Around 11 million Dogecoins were stolen yesterday

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Yesterday on Christmas day, around 11 million coins were stolen from Dogewallet.com. Dogewallet.com is one of the largest websites used by individuals that hold Dogecoins. Dogecoins are a cryptocurrency that is an alternative to Bitcoins. Dogecoins have become popular recently to use as “tipping” for good deeds. The value of the hack is worth around $6,600 based on current prices, according to BusinessInsider.

Dogewallet said that they will be compensating the individuals that were affected. Several people have already confirmed that they have received refunds.

The hacker gained access to Dogewallet.com’s filesystem and then modified the send/receive page to send a static address.

“We’re incredibly sorry to all users who lost funds from the attack. Please use offline wallets as online wallets are meant for new users who aren’t using them as a storage of coins. Offline wallets are more safe and secure than any online wallet due to possible attacks that can originate from anyone, anywhere,” said Dogewallet.com in a statement.

[Source: BusinessInsider]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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